PennEnergy's Daily Petroleum Update 12/16

Today's Headlines
Apache sells stake in 2 LNG projects for $2.75B Apache is selling its ownership in Australian subsidiary Apache Julimar Pty. Ltd. to to Woodside Petroleum for $2.75 billion …more>>
Libya: Fighting closes largest oil export terminal Libya's Tripoli-based government says the country's largest oil shipping terminal has been shut down due to clashes between rival militias …more>>
Eni exploration well exceeds expectations offshore Congo Eni exploration well offshore Congo delivered in excess of 5,000 barrels per day oil and 14 million standard cubic feet of gas per day during test …more>>
Why oil is down by half, what it means for you So what's going on? A global imbalance of supply and demand that is rippling across the world economy, for better and worse …more>>
GCA: Will US shale lose out to deepwater in oil's 2015 pain game? New analysis from Gaffney, Cline and Associates (GCA) indicates short-term investment models for shale make it more vulnerable to project cuts …more>>
Mexico opens bidding for outsider oil exploration Prior to this year's reforms, the state company Petroleos Mexicanos was the only one allowed to do oil exploration and production …more>>
Husky, CNOOC bring second Liwan gas field onstream Husky Energy and CNOOC Limited have started production at the Liuhua 34-2 gas field in the South China Sea …more>>
Bulwark FR: Boosting the Industry's iQ (Video) At Bulwark, we put our “iQ Thinking” caps onevery day; and reimagine every aspect of our business, and FR industry as a whole. Because at the end of the day, real lives are on the line …more>>
US oil and gas rig count down 27 to 1,893 California, Kansas, Ohio and West Virginia each gained two rigs and New Mexico gained one. …more>>
Nordic Prince officially on-hire in Israel for Noble Energy Nordic Maritime was awarded a five year charter for the DP2 IMR Subsea vessel …more>>